Price Target Changed • Apr 29
Price target decreased by 34% to kr4.30 Down from kr6.50, the current price target is provided by 1 analyst. New target price is 15% above last closing price of kr3.74. Stock is down 25% over the past year. The company posted a net loss per share of kr2.54 last year. Reported Earnings • Apr 22
First quarter 2026 earnings released: kr3.23 loss per share (vs kr0.067 loss in 1Q 2025) First quarter 2026 results: kr3.23 loss per share. Revenue: kr799.0m (down 11% from 1Q 2025). Net loss: kr64.0m (loss narrowed 21% from 1Q 2025). Revenue is forecast to grow 1.4% p.a. on average during the next 3 years, compared to a 3.9% growth forecast for the Real Estate industry in Sweden. New Risk • Apr 08
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Swedish stocks, typically moving 9.2% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Paying a dividend despite being loss-making. Share price has been volatile over the past 3 months (9.2% average weekly change). Declared Dividend • Apr 08
Dividend of kr0.02 announced Shareholders will receive a dividend of kr0.02. Ex-date: 29th June 2026 Payment date: 3rd July 2026 Dividend yield will be 2.5%, which is lower than the industry average of 3.6%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months. However, the dividend is well covered by cash flows (17% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. Upcoming Dividend • Mar 23
Upcoming dividend of kr0.03 per share Eligible shareholders must have bought the stock before 30 March 2026. Payment date: 07 April 2026. The company is not currently making a profit but it is cash flow positive. Trailing yield: 2.7%. Lower than top quartile of Swedish dividend payers (4.3%). In line with average of industry peers (2.6%). Announcement • Mar 21
Corem Property Group AB (publ), Annual General Meeting, Apr 24, 2026 Corem Property Group AB (publ), Annual General Meeting, Apr 24, 2026. Reported Earnings • Feb 16
Full year 2025 earnings released: kr2.37 loss per share (vs kr0.93 loss in FY 2024) Full year 2025 results: kr2.37 loss per share (further deteriorated from kr0.93 loss in FY 2024). Revenue: kr3.47b (down 6.2% from FY 2024). Net loss: kr3.31b (loss widened 213% from FY 2024). Revenue is forecast to stay flat during the next 2 years compared to a 4.6% growth forecast for the Real Estate industry in Sweden. Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has fallen by 26% per year, which means it is significantly lagging earnings. New Risk • Feb 15
New major risk - Revenue and earnings growth Earnings have declined by 43% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 43% per year over the past 5 years. Minor Risks Paying a dividend despite being loss-making. Shareholders have been diluted in the past year (15% increase in shares outstanding). Declared Dividend • Jan 08
Dividend of kr0.03 announced Shareholders will receive a dividend of kr0.03. Ex-date: 30th March 2026 Payment date: 7th April 2026 Dividend yield will be 2.1%, which is lower than the industry average of 3.6%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months. However, the dividend is well covered by cash flows (15% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. Upcoming Dividend • Dec 22
Upcoming dividend of kr0.03 per share Eligible shareholders must have bought the stock before 29 December 2025. Payment date: 07 January 2026. The company is not currently making a profit but it is cash flow positive. Trailing yield: 2.4%. Lower than top quartile of Swedish dividend payers (3.9%). In line with average of industry peers (2.3%). Reported Earnings • Oct 23
Third quarter 2025 earnings released: kr0.31 loss per share (vs kr0.23 loss in 3Q 2024) Third quarter 2025 results: kr0.31 loss per share (further deteriorated from kr0.23 loss in 3Q 2024). Revenue: kr850.0m (down 5.3% from 3Q 2024). Net loss: kr437.0m (loss widened 59% from 3Q 2024). Revenue is expected to decline by 2.8% p.a. on average during the next 3 years, while revenues in the Real Estate industry in Sweden are expected to grow by 4.6%. Over the last 3 years on average, earnings per share has fallen by 61% per year but the company’s share price has only fallen by 23% per year, which means it has not declined as severely as earnings. Declared Dividend • Oct 05
Dividend of kr0.03 announced Shareholders will receive a dividend of kr0.03. Ex-date: 29th December 2025 Payment date: 7th January 2026 Dividend yield will be 2.2%, which is lower than the industry average of 3.6%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months. However, the dividend is well covered by cash flows (15% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. Announcement • Sep 13
Corem Property Group AB (publ) announced that it has received SEK 11.365 million in funding Corem Property Group AB (publ) announced a private placement to issue 2,500,000 class B shares at an issue price of SEK 4.546 for gross proceeds of SEK 11,365,000 on September 12, 2025. The transaction includes participation from Rutger Arnhult. New Risk • Aug 07
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 19% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (1.7x net interest cover). Minor Risks Paying a dividend despite being loss-making. Shareholders have been diluted in the past year (19% increase in shares outstanding). Reported Earnings • Jul 13
First half 2025 earnings released: kr25.02 loss per share (vs kr0.005 profit in 1H 2024) First half 2025 results: kr25.02 loss per share (down from kr0.005 profit in 1H 2024). Revenue: kr1.79b (down 4.8% from 1H 2024). Net loss: kr578.0m (down kr584.0m from profit in 1H 2024). Revenue is forecast to stay flat during the next 3 years compared to a 5.2% growth forecast for the Real Estate industry in Sweden. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 79 percentage points per year, which is a significant difference in performance. Declared Dividend • Jul 04
Dividend of kr0.02 announced Shareholders will receive a dividend of kr0.02. Ex-date: 29th September 2025 Payment date: 3rd October 2025 Dividend yield will be 1.7%, which is lower than the industry average of 3.6%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months. However, the dividend is well covered by cash flows (13% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. New Risk • Jul 02
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 20% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (1.7x net interest cover). Minor Risks Paying a dividend despite being loss-making. Share price has been volatile over the past 3 months (9.5% average weekly change). Shareholders have been diluted in the past year (20% increase in shares outstanding). New Risk • Apr 29
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Swedish stocks, typically moving 9.7% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (1.7x net interest cover). Minor Risks Paying a dividend despite being loss-making. Share price has been volatile over the past 3 months (9.7% average weekly change). Reported Earnings • Apr 14
First quarter 2025 earnings released First quarter 2025 results: Revenue: kr896.0m (down 4.7% from 1Q 2024). Net loss: kr81.0m (loss narrowed 49% from 1Q 2024). Revenue is forecast to grow 1.5% p.a. on average during the next 3 years, compared to a 5.0% growth forecast for the Real Estate industry in Sweden. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 87 percentage points per year, which is a significant difference in performance. Declared Dividend • Apr 10
Dividend of kr0.02 announced Shareholders will receive a dividend of kr0.02. Ex-date: 27th June 2025 Payment date: 3rd July 2025 Dividend yield will be 2.4%, which is lower than the industry average of 3.6%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months. However, the dividend is well covered by cash flows (13% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. Upcoming Dividend • Mar 21
Upcoming dividend of kr0.03 per share Eligible shareholders must have bought the stock before 28 March 2025. Payment date: 03 April 2025. The company is not currently making a profit but it is cash flow positive. Trailing yield: 1.9%. Lower than top quartile of Swedish dividend payers (4.0%). Lower than average of industry peers (3.3%). Reported Earnings • Feb 14
Full year 2024 earnings released: kr0.88 loss per share (vs kr7.25 loss in FY 2023) Full year 2024 results: kr0.88 loss per share (improved from kr7.25 loss in FY 2023). Revenue: kr3.70b (up 17% from FY 2023). Net loss: kr1.06b (loss narrowed 87% from FY 2023). Revenue is forecast to grow 1.9% p.a. on average during the next 3 years, compared to a 4.8% growth forecast for the Real Estate industry in Sweden. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 64 percentage points per year, which is a significant difference in performance. Announcement • Feb 14
Corem Property Group AB (publ), Annual General Meeting, Apr 23, 2025 Corem Property Group AB (publ), Annual General Meeting, Apr 23, 2025. New Risk • Feb 13
New major risk - Revenue and earnings growth Earnings have declined by 56% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.7x net interest cover). Earnings have declined by 56% per year over the past 5 years. Minor Risk Paying a dividend despite being loss-making. Declared Dividend • Jan 08
Dividend of kr0.03 announced Shareholders will receive a dividend of kr0.03. Ex-date: 28th March 2025 Payment date: 3rd April 2025 Dividend yield will be 1.6%, which is lower than the industry average of 3.6%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months. However, the dividend is well covered by cash flows (13% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. Upcoming Dividend • Dec 23
Upcoming dividend of kr0.03 per share Eligible shareholders must have bought the stock before 30 December 2024. Payment date: 07 January 2025. The company is not currently making a profit but it is cash flow positive. Trailing yield: 1.5%. Lower than top quartile of Swedish dividend payers (4.9%). Lower than average of industry peers (3.4%). Reported Earnings • Oct 24
Third quarter 2024 earnings released: kr0.36 loss per share (vs kr1.99 loss in 3Q 2023) Third quarter 2024 results: kr0.36 loss per share (improved from kr1.99 loss in 3Q 2023). Revenue: kr898.0m (down 11% from 3Q 2023). Net loss: kr275.0m (loss narrowed 87% from 3Q 2023). Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 5.1% growth forecast for the Real Estate industry in Sweden. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 80 percentage points per year, which is a significant difference in performance. Declared Dividend • Sep 29
Dividend of kr0.03 announced Shareholders will receive a dividend of kr0.03. Ex-date: 30th December 2024 Payment date: 7th January 2025 Dividend yield will be 1.7%, which is lower than the industry average of 3.6%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months. However, the dividend is well covered by cash flows (11% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. Upcoming Dividend • Sep 21
Upcoming dividend of kr0.02 per share Eligible shareholders must have bought the stock before 27 September 2024. Payment date: 03 October 2024. The company is not currently making a profit and its cash payout ratio is 92%. Trailing yield: 1.1%. Lower than top quartile of Swedish dividend payers (4.4%). Lower than average of industry peers (3.0%). New Risk • Jul 23
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 7.1% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (1.8x net interest cover). Minor Risk Shareholders have been diluted in the past year (7.1% increase in shares outstanding). Announcement • Jul 20
Corem Property Group AB (publ) has completed a Follow-on Equity Offering in the amount of SEK 1.019579 billion. Corem Property Group AB (publ) has completed a Follow-on Equity Offering in the amount of SEK 1.019579 billion.
Security Name: Class B Ordinary Shares
Security Type: Common Stock
Securities Offered: 77,560,333
Price\Range: SEK 9.6
Security Name: Class B Ordinary Shares
Security Type: Common Stock
Securities Offered: 28,645,832
Price\Range: SEK 9.6
Transaction Features: Subsequent Direct Listing Reported Earnings • Jul 14
Second quarter 2024 earnings released: EPS: kr0.15 (vs kr1.65 loss in 2Q 2023) Second quarter 2024 results: EPS: kr0.15 (up from kr1.65 loss in 2Q 2023). Net income: kr165.0m (up kr1.98b from 2Q 2023). Revenue is forecast to grow 2.2% p.a. on average during the next 3 years, compared to a 4.5% growth forecast for the Real Estate industry in Sweden. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 78 percentage points per year, which is a significant difference in performance. Declared Dividend • Jun 28
Dividend of kr0.02 announced Shareholders will receive a dividend of kr0.02. Ex-date: 27th September 2024 Payment date: 3rd October 2024 Dividend yield will be 2.9%, which is lower than the industry average of 3.6%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months. However, the dividend is well covered by cash flows (12% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. Buy Or Sell Opportunity • Jun 13
Now 23% overvalued Over the last 90 days, the stock has fallen 9.3% to kr8.98. The fair value is estimated to be kr7.32, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 17% over the last 3 years. Meanwhile, the company became loss making. Buy Or Sell Opportunity • May 07
Now 20% overvalued Over the last 90 days, the stock has fallen 10% to kr8.80. The fair value is estimated to be kr7.32, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 17% over the last 3 years. Meanwhile, the company became loss making. Reported Earnings • Apr 24
First quarter 2024 earnings released First quarter 2024 results: Revenue: kr940.0m (down 26% from 1Q 2023). Net loss: kr159.0m (loss narrowed 82% from 1Q 2023). Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 5.4% growth forecast for the Real Estate industry in Sweden. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 67 percentage points per year, which is a significant difference in performance. Declared Dividend • Apr 03
Dividend of kr0.02 announced Shareholders will receive a dividend of kr0.02. Ex-date: 27th June 2024 Payment date: 3rd July 2024 Dividend yield will be 3.0%, which is lower than the industry average of 3.6%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months. However, the dividend is well covered by cash flows (15% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. Upcoming Dividend • Mar 20
Upcoming dividend of kr0.10 per share Eligible shareholders must have bought the stock before 27 March 2024. Payment date: 04 April 2024. The company is not currently making a profit and there are not enough cash flows to support it either. Trailing yield: 1.0%. Lower than top quartile of Swedish dividend payers (4.5%). Lower than average of industry peers (3.4%). Reported Earnings • Feb 22
Full year 2023 earnings released: kr77.21 loss per share (vs kr1.77 loss in FY 2022) Full year 2023 results: kr77.21 loss per share (further deteriorated from kr1.77 loss in FY 2022). Revenue: kr4.24b (up 17% from FY 2022). Net loss: kr7.97b (loss widened 309% from FY 2022). Revenue is forecast to stay flat during the next 3 years compared to a 3.9% growth forecast for the Real Estate industry in Sweden. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 69 percentage points per year, which is a significant difference in performance. Announcement • Feb 21
Corem Property Group AB (publ) Proposes Dividend for its Ordinary Share of Class D Corem Property Group AB (publ) announced the board of directors proposed at AGM a dividend of SEK 20.00 (20.00) per ordinary share of class D, to be paid in four instalments of SEK 5.00 (5.00) per share. Upcoming Dividend • Dec 21
Upcoming dividend of kr0.10 per share at 3.9% yield Eligible shareholders must have bought the stock before 28 December 2023. Payment date: 04 January 2024. The company is not currently making a profit but it is cash flow positive. Trailing yield: 3.9%. Lower than top quartile of Swedish dividend payers (5.0%). Higher than average of industry peers (3.5%). New Risk • Nov 03
New major risk - Revenue and earnings growth Earnings have declined by 33% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (0.7x net interest cover). Earnings have declined by 33% per year over the past 5 years. Minor Risks Paying a dividend despite being loss-making. Share price has been volatile over the past 3 months (11% average weekly change). Announcement • Oct 29
Corem Property Group AB (publ) to Report Fiscal Year 2023 Results on Feb 21, 2024 Corem Property Group AB (publ) announced that they will report fiscal year 2023 results on Feb 21, 2024 Reported Earnings • Oct 27
Third quarter 2023 earnings released Third quarter 2023 results: Revenue: kr1.01b (flat on 3Q 2022). Net loss: kr2.19b (loss widened kr1.97b from 3Q 2022). Revenue is forecast to grow 8.8% p.a. on average during the next 3 years, compared to a 5.0% growth forecast for the Real Estate industry in Sweden. Announcement • Oct 27
An unknown buyer acquired portfolio of 24 properties from Corem Property Group AB (publ) (OM:CORE A) for SEK 1160 million. An unknown buyer acquired portfolio of 24 properties from Corem Property Group AB (publ) (OM:CORE A) for SEK 1160 million on October 25, 2023. The transaction is expected to complete on November 29, 2023. Upcoming Dividend • Sep 21
Upcoming dividend of kr0.10 per share at 5.1% yield Eligible shareholders must have bought the stock before 28 September 2023. Payment date: 04 October 2023. The company is not currently making a profit but it is cash flow positive. Trailing yield: 5.1%. Lower than top quartile of Swedish dividend payers (5.3%). Higher than average of industry peers (4.0%). Announcement • Aug 18
Nrep Ab completed the acquisition of Klövern AB (publ) from ALM Equity AB (publ), Broskeppet Bostad AB and Corem Property Group AB (publ) Nrep Ab agreed to acquire Klövern AB (publ) from ALM Equity AB (publ), Broskeppet Bostad AB and Corem Property Group AB (publ) for SEK 2.5 billion on July 3, 2023. As of July 17, 2023, the transaction is expected to be closed by August 2023.Nrep Ab completed the acquisition of Klövern AB (publ) from ALM Equity AB (publ), Broskeppet Bostad AB and Corem Property Group AB (publ) on August 17, 2023. Reported Earnings • Jul 14
Second quarter 2023 earnings released Second quarter 2023 results: Revenue: kr1.05b (down 1.0% from 2Q 2022). Net loss: kr1.82b (down kr1.89b from profit in 2Q 2022). Revenue is forecast to grow 9.1% p.a. on average during the next 3 years, compared to a 4.5% growth forecast for the Real Estate industry in Sweden. Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has fallen by 27% per year, which means it is significantly lagging earnings. Announcement • Jul 08
An unknown buyer signed an agreement to acquire rentable property in Linköping from Corem Property Group AB (publ) (OM:CORE A). An unknown buyer signed an agreement to acquire rentable property in Linköping from Corem Property Group AB (publ) (OM:CORE A) on July 7, 2023. Upcoming Dividend • Jun 22
Upcoming dividend of kr0.10 per share at 6.7% yield Eligible shareholders must have bought the stock before 29 June 2023. Payment date: 05 July 2023. The company is not currently making a profit but it is cash flow positive. Trailing yield: 6.7%. Within top quartile of Swedish dividend payers (5.4%). Higher than average of industry peers (4.1%). Announcement • Jun 17
Areim Ab acquired Light industrial properties in Sävedalen from Corem Property Group AB (publ) (OM:CORE A) and two private individuals. Areim Ab acquired Light industrial properties in Sävedalen from Corem Property Group AB (publ) (OM:CORE A) and two private individuals on June 16, 2023. Areim Ab completed the acquisition of Light industrial properties in Sävedalen from Corem Property Group AB (publ) (OM:CORE A) and two private individuals on June 16, 2023. Announcement • Jun 01
An unknown buyer signed an agreement to acquire Two properties in Gothenburg from Corem Property Group AB (publ) for SEK 111 million. An unknown buyer signed an agreement to acquire Two properties in Gothenburg from Corem Property Group AB (publ) for SEK 111 million on May 30, 2023. Board Change • May 08
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Director Magnus Uggla was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Apr 30
First quarter 2023 earnings released First quarter 2023 results: Revenue: kr1.17b (up 6.4% from 1Q 2022). Net loss: kr896.0m (down 152% from profit in 1Q 2022). Revenue is forecast to grow 8.2% p.a. on average during the next 3 years, compared to a 6.0% growth forecast for the Real Estate industry in Sweden. Over the last 3 years on average, earnings per share has increased by 68% per year but the company’s share price has fallen by 23% per year, which means it is significantly lagging earnings. Upcoming Dividend • Mar 23
Upcoming dividend of kr0.10 per share at 5.0% yield Eligible shareholders must have bought the stock before 30 March 2023. Payment date: 05 April 2023. The company is not currently making a profit but it is cash flow positive. Trailing yield: 5.0%. Within top quartile of Swedish dividend payers (5.0%). Higher than average of industry peers (3.8%).